US seizes bank accounts of payments group linked to Tether
Prosecutors allege Capstone illegally moved hundreds of millions of dollars for the crypto companies at the direction of a Caribbean bank
Source: Financial Times
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DW NOTE
The DOJ is alleging a Caribbean bank used Capstone to route dollar payments for Tether outside the correspondent banking system. That's the definition of sanctions evasion infrastructure — and prosecutors now have the ledgers. If the allegations hold, every dollar Tether claims as reserve backing will require an audit trail that passes through a seized middleman.